The global hybrid adhesives & sealants market size reached US$ 10.5 billion in 2023. The market is projected to reach US$ 20.9 billion by 2032, exhibiting a growth rate (CAGR) of 7.99% during 2023-2032. Increasing demand from a wide range of end-use industries, continual technological advancements in the production of high-performance product variants, and the rising number of construction and infrastructure development projects represent some of the key factors driving the market.
Hybrid adhesives & sealants refer to a group of versatile resins that are developed by combining two or more polymer resins, that consists of positive characteristics of both the resin types. These products are synthesized by using a combination of silicone and polyurethane technologies, primarily consisting of epoxy, silyl-modified urethane, acrylic, and silyl-modified polyether. They are characterized by superior bonding and sealing properties, enhanced durability, and improved resistance to temperature, chemicals, and moisture. These adhesives and sealants are eco-friendly and have very low volatile organic compound (VOC) emissions. They also have an extended shelf life of twelve months, making them easy to store and use. With hybrid adhesives and sealants, high-performance bonds are possible between different substrates without the use of personal protective equipment or environmental protection equipment and with short curing times and one product application.
Hybrid adhesives & sealants refer to a group of versatile resins that are developed by combining two or more polymer resins, that consists of positive characteristics of both the resin types. These products are synthesized by using a combination of silicone and polyurethane technologies, primarily consisting of epoxy, silyl-modified urethane, acrylic, and silyl-modified polyether. They are characterized by superior bonding and sealing properties, enhanced durability, and improved resistance to temperature, chemicals, and moisture. These adhesives and sealants are eco-friendly and have very low volatile organic compound (VOC) emissions. They also have an extended shelf life of twelve months, making them easy to store and use. With hybrid adhesives and sealants, high-performance bonds are possible between different substrates without the use of personal protective equipment or environmental protection equipment and with short curing times and one product application.
Hybrid Adhesives & Sealants Market Trends
The global market is primarily driven by the escalating demand from a wide range of end-use industries, such as automotive, construction, and aerospace. This can be attributed to the increasing number of applications requiring products with high durability and resistance to temperature, chemicals, and moisture. In line with this, the growing need for environmentally friendly and sustainable resin products with low volatile organic compound (VOC) emissions for numerous industrial applications is resulting in a higher product uptake. Moreover, the continual technological advancements leading to the development of high-performance hybrid adhesives and sealants with permanent bonding and sealing capabilities are impacting the market positively. Additionally, considerable growth in construction and infrastructure development projects on the global level is creating a positive outlook for the market. The market is further fueled by the rapid utilization of lightweight materials and composites in the medical industry for surgical bonding, wound closure, and dental restoration applications. Apart from this, the expanding semiconductor industry requiring high-performance adhesives for bonding and sealing of small electronic components is also creating lucrative opportunities in the market. Furthermore, the growing product utilization in the renewable energy industry for manufacturing of solar panels, wind turbines, and battery systems is providing an impetus to the market. Some of the other factors contributing to the market include the increasing demand for industrial-grade adhesives in the marine and offshore industry, rapid industrialization, and extensive research and development (R&D) activities conducted by the key players.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global hybrid adhesives & sealants market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on resin type and end use industry.Resin Type Insights
- MS Polymer Hybrid
- Epoxy-Polyurethane
- Epoxy-Cyanoacrylate
- Others
End Use Industry Insights
- Building and Construction
- Transportation
- Electronics
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Competitive Landscape
Key Questions Answered in This Report:
- How has the global hybrid adhesives & sealants market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global hybrid adhesives & sealants market?
- What are the key regional markets?
- Which countries represent the most attractive hybrid adhesives & sealants markets?
- What is the breakup of the market based on the resin type?
- What is the breakup of the market based on the end use industry?
- What is the competitive structure of the global hybrid adhesives & sealants market?
- Who are the key players/companies in the global hybrid adhesives & sealants market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Hybrid Adhesives & Sealants Market
6 Market Breakup by Resin Type
7 Market Breakup by End Use Industry
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- American Sealants Inc. (Meridian Adhesives Group LLC)
- Bostik (Arkema S.A)
- DL Chemical Co. Ltd. (DL Holdings Co. Ltd.)
- Henkel AG & Co. KGaA
- Hermann Otto GmbH
- Mapei S.p.A.
- McCoy Soudal Sealants Adhesives & Foams Pvt. Ltd.
- Permabond LLC
- Sika Corporation (Sika AG)
- The Sherwin-Williams Company
- Tremco illbruck (RPM International Inc.) and Wacker Chemie AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 10.5 Billion |
| Forecasted Market Value ( USD | $ 20.9 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
